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Latest news Tron
Tron could ride the bullish wave that has so far raised the new aggregate value cryptography market, cutting the Bitcoin domain in the process. But apart from the 19 percent peak in the last week and 6.1 percent in the last day, there are other fundamental reasons for strengthening our bullish position.
Among the many, one of them must be the step that Tron made in the 180 days after the migration from Ethereum and successfully launched its blockchain and the complete Turing virtual machine. Users continue to crowd the platform, place bets and play and issue TRC-10 or 20 tokens.
To read: Tron (TRX) and Bitcoin Cash (BCH) Surge in the middle of Crypto Market Recovery
According to data from Tron Scan, in the last day there are 935,286 customers who generate 1,819,410 transactions. In total, the main network has processed more than 100 million transactions. This solid performance explains why Tron broke two records last week after processing 2.64 million transactions in a single day.
Read also: Blythe Masters resigns as CEO of Blockchain Company, Digital Assets
Adding this to the growing number of exchange support, it is likely that the demand for TRX will increase further by increasing the liquidity of the network. Remember, Binance will list the TUSD pair with TRX, ADA and NEO.
#Binance Adds ADA / TUSD, TRX / TUSD and NEO / TUSD Trading Pairshttps: //t.co/FoEIAgu1wG pic.twitter.com/ToU7z2nJLs
– Binance (@binance) December 18, 2018
Price analysis TRX / USD (Tron)
After months of lower lows, the TRX demand is back. TRX rose 6.1 percent against the dollar on the last day. Due to the increase in user activity, TRX is likely to print new highs by the end of the year, even more so if prices exceed 2 cents.
Thanks to today's shutdown and closing above 16 cents, TRX / USD is now recording a bullish upward pattern invalidating the bears on November 19-20 and canceling the expected and / or bear trend. As such, we recommend that operators charge on every correction with the first 2-centimeter target with safe stop at the lower limit of our resistance zone at 1.6 cents.
Note that average volumes are high and as long as TRX prices exceed 1.6 cents, buyers are responsible and ready for 2 cents or 3 cents in the short term.
Our TRX / USD business plan will be as follows:
Buy: Spot
Stop: 1.6 cents
First goal: 2 cents, 3 cents
EOS / USD price analysis
Like TRX, EOS is growing rapidly and up 27% in the last week. After yesterday's slowdown, it rose 3.5% at the time of printing. The fact is that as long as the EOS trade exceeds the minimums of $ 2.47 or December 19, the bulls have a chance. From the standpoint of the candelabra, the best approach is that traders will wait for a decisive boost exceeding the December 19 peak of $ 2.87.
Subsequently they can exchange a breakout with the first objective at $ 3.48 as foreseen in the previous EOS / USD commercial plan. Otherwise and if the retracement is less than $ 2.47, it is likely that EOS will repeat $ 2.15 on the back of light volumes by completing a new test.
However, if EOS prices are higher, our EOS / USD business plan will be as follows:
Buy: $ 2.87
Stop: $ 2.47
Target: $ 3.48
All graphics courtesy of Trading View.
This is not an investment tip. Do your research.
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